REI Lense

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$4,490 (target)

35 Essex Ave, Bloomfield, NJ 07003

3 beds • 3 baths • sqft

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This property looks like a bad Mid-Term investment with a projected -13.44% first-year return on $155k initial cash invested.

-13.44%

Cash On Cash

3.47%

Cap Rate

0.55

DSCR

$4,490

Rent

-$1,735

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,490 income − $6,225 expenses = $1,735 out of pocket

Income$4,490Out of Pocket$1,735Mortgage P&I$3,44177%Property Taxes$1,01523%Insurance$2415%Management$53912%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49411%

Investment Breakdown

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Purchase Price

$652k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$155k

Downpayment

20%

$130k

Closing costs

1%

$6,517

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,490

Total Expenses

$6,225

Mortgage P&I

77%

$3,441

Property Taxes

23%

$1,015

Home Insurance

5%

$241

HOA

0%

$0

Property Management

12%

$539

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$494

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